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The Commerce Ministry has ordered all tapioca product exporters to increase their stock by 50% in advance in order to prevent cassava prices from falling during the harvesting season.
Duangporn Rodphaya, the director-general of the Foreign Trade Department, said the authority has issued a regulation stipulating that exporters buy and stock tapioca products at a volume 50% higher than the amount of exports. The stock should be secured one month in advance.
"According to the new regulation, exporters who want to export 10,000 tonnes of tapioca products must stock up 15,000 tonnes of it one month before export," Ms Duangporn said.
The new regulation is intended to help prevent any export disruptions in the coming months, she said. It would also help support farmers, creating demand that prevents cassava prices from falling sharply during the harvesting period, she added.
Ms Duangporn said the Foreign Trade Department, which oversees the exports of major commodities, would assist all exporters and producers in both the stocking and exporting processes.
The department, along with related government agencies, will further keep all cassava and tapioca trade along the border under surveillance in order to prevent cassava smuggling from neighbouring countries, as additional supply weighs on prices.
"That is part of the plan to help stabilise prices during the harvesting season, when high supply normally drags prices down," Ms Duangporn said.
In 2016, Thailand was forecast to have produced 31.1 million tonnes of cassava. The harvesting period normally starts in November, according to the Agricultural Economics Office under the Agriculture and Cooperatives Ministry.
In the first 11 months of last year, Thailand exported 10.1 million tonnes of tapioca products worth US$2.7 billion (96.9 billion baht), down 5.1% and 17.4% in terms of quantity and value, respectively.


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When attempting to download apps, iOS users are met with a Cannot connect to iTunes Store notification, with iTunes displaying a iTunes Store is temporarily available error.
For starters, 43% of iOS apps didn’t encrypt people’s personal data when it was being transmitted.
Alexey Borodin, the programmer responsible for the iOS App Store hack earlier this month has managed to repeat his success on Apples Mac App Store.
This appears to rule out some theories that app servers are unresponsive due to Apples impending launch of its new Mountain Lion Mac operating system.
However, Apple has been working to negate a recent flaw in its in app purchasing mechanism, yesterday launching a new private API that outlines methods for preventing the exploit that allowed free transactions.
The company shared a procedure that is not included in its current framework for developers, suggesting it is giving developers access to parts of the API that they would not normally have access to in order to implement a fix immediately, before rolling it out iOS 6.
At the moment, we cant confirm whether Apple is performing maintenance on the App Store (which could include the implementation of server side app receipt checks) or that the service is down for reasons unknown.
As of June 30, however, Apple dropped Clueful from its App Store, although anyone who had already bought the app can continue to use it.
So far, there are confirmed App Store outages in the US, UK, Singapore, Malaysia, Australia, Indonesia and Kuwait.
While Clueful remains off the App Store, we are working toward building data privacy awareness and will continue to develop products that help consumers remain secure regardless of platform.
Sean Brierley is a business journalist based in Hobart, Australia. Sean has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Sean spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.

domain: news


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Under the new system, visitors will browse vendors online and place orders, then pick them up at the market with minimal social interaction.
“[With] the Farmers’ Market To-Go program, residents can access fresh food from their favorite vendors while also maintaining social distancing,” Leah Spellman, Director of Communications for Visit Alexandria. “Customers will browse a list of participating vendors online then contact the vendor to place their orders. Pick-ups will take place during Alexandria’s regular farmers’ market locations during their regular times.”
The new market is formed from a partnership with Visit Alexandria, which will oversee the new web page showcasing participating vendors.
“From fresh produce delivered straight from local farms to specialty items like made-from-scratch gluten-free empanadas, visit the Farmers Market To-Go web page for a full list of pick-up offerings,” Spellman said. “Vendors will be added to the web page daily.”
Customers are asked to keep six feet apart from vendors during interactions and to wash all purchased food before eating it.
There are four farmers markets participating, from the large Old Town one to a few smaller ones across the city:
- Old Town Farmers Market: Saturdays from 7 a.m. to noon at Market Square (301 King Street)
- Del Ray Farmers Market: Saturdays from 8 a.m. to noon at the corner of East Oxford & Mount Vernon Avenues
- Old Town North Farmers Market: Thursdays from 3-7 p.m. at Montgomery Park (901 North Royal Street)
- Four Mile Run Farmers & Artisans Market: Sundays from 9 a.m.-1 p.m. (4109 Mt Vernon Avenue)
The only vendor currently registered at the last two markets is Ana S Twist, a healthy food vendor with a focus on Ecuadorian cuisine.
The Farmers Market To-Go program is the newest part of a suite of new features from Visit Alexandria called ALX at Home. The group was praised by the City Council at a meeting earlier this week for rapidly redeploying their resources to focus on social distance-friendly marketing.
“[ALX at Home] allows residents and visitors to experience Alexandria’s restaurants, shops and attractions from the comfort of their own home,” Spellman said. “From care packages and quarantine kits you can order online to curbside pickup at your favorite restaurants, ALX at Home features more than 100 ways to support the independent businesses that make Alexandria so special.”
Photo courtesy Visit Alexandria
It was a clear and slightly brisk Saturday afternoon (Dec. 4) in Old Town for the Campagna Center’s 50th Scottish Christmas Walk Parade. The parade, which was canceled last year…
Alexandria police are investigating a possible home invasion robbery near Mark Center. A woman reportedly told police she was tied up and robbed during an early morning home invasion on…
It’s been a busy week of highs and lows in Alexandria, with some big bureaucratic decisions and fundraising paired with some crimes and a fatal car crash. After a long…
(Updated 9:10 p.m.) In a fairly sizable newsletter, city staff laid out a sort of “state of flooding” message that lays out the city’s response to recent flooding issues and…


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India has seen an extraordinary surge in the number of blockchain-related courses over the last year, as the country’s need for blockchain-educated personnel grows.
Several big Indian schools have already gotten on the blockchain bandwagon and launched courses in the technology, according to the Times of India.
At press time, more than 11,000 blockchain-related job openings remained unfilled, and that figure includes just those advertised on LinkedIn India. According to reports, there is a need for blockchain analysts, blockchain architects, blockchain remote trainers, and other specialists whose job titles include the term ‘blockchain.’
Significant educational institutions now offer advanced certification programmes in software engineering for blockchain, cloud, and Internet of Things (IoT), optional courses on Bitcoin and blockchain technology, and even free short online courses on blockchain principles.
The classes are not only for job searchers. Additionally, business owners and entrepreneurs are using them to educate themselves about emerging digital assets and to prevent falling victim to cryptocurrency-related frauds.
India, in general, is seeing a surge in demand for individuals knowledgeable and schooled in all things blockchain as it transitions to a more digital and blockchain-based future.
For one thing, it anticipates the launch of a ‘digital rupee’ by 2023, as Finbold has reported. Additionally, the nation intends to lower the tax on cryptocurrency and non-fungible tokens (NFTs) trade by 30%.
Interest versus suspicion
Despite increased interest in cryptocurrencies and blockchain technology in India, some of the country’s most prominent politicalQ and financial heavyweights continue to express reservations or outright rejection.
One of them is India’s finance secretary T.V. Somanathan, who has voiced doubt about the future of cryptocurrency regulation. He said as follows:
“At the moment, crypto-assets are neither outlawed nor promoted. As a result, they are operating in a grey area.”
Meanwhile, Shaktikanta Das, the governor of the Reserve Bank of India, took a significantly harsher tone, denouncing cryptocurrencies as “not worth a tulip” – implying they lack fundamental value – and cautioning investors to exercise admonish.


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India generates about 9.46 million tonnes of plastic waste every year, of which 40 percent remains uncollected, according to a study by Un-Plastic, a collective co-founded by the Confederation of Indian Industry (CII), United Nations Environment Programme (UNEP), and WWF-India.
And all that uncollected plastic ends up in waterbodies and stray garbage dumps, polluting not just the environment but also harming aquatic and terrestrial life.
It is now more imperative than ever to work around sustainable alternatives for plastic, and Gurugram-based Hi-Tech International has recently innovated a product that could provide just the right solution. The company recently launched a plant-based bio-polymer, manufactured at its unit in Ludhiana. Bio-polymers are natural polymers produced by the cells of living organisms. Plastics made with bio-polymers, unlike their synthetic counterparts, are known to disintegrate sooner.
Hi-Tech International was started in 1982 by Jasbeer Sareen. Today, it is run by his sons - Sidharth and Mukul Sareen. The company started with the production of traditional plastics and then gradually moved to the production of polymers, anti-corrosion products and more.
Nearly 40 years later, Hi-Tech International has more than 600 corrosion prevention products in its portfolio, serving 10,000 customers worldwide. At present, besides India, Hi-Tech’s manufacturing plants are in Italy, France, Dubai, and the US. Its Ludhiana unit, where it manufactures the bio-polymers, has a combined capacity of producing 6000 tonnes of the product every year, according to the company.
Making sustainable versions of plastic
The bio-polymer produced by the company, called Dr Bio, is said to replace single and multi-use plastic that are used to make several products.
Speaking to SMBStory, Mukul Sareen, Director of Business Development, says that the idea to come up with such a product came in the year 2016 when “the whole world was talking about the environment.” He says, “The world is very serious about environment and sustainability. Towards this, we wanted to create polymers that would create different products.” Already manufacturing VCI films, papers, foils and much more, the company had the requisite expertise to explore something in this field as well.
According to Mukul, the research and development (R&D) towards this started immediately after, and the company rolled its first bio-polymer as a pilot in 2019. Now, Dr Bio has been approved and certified by the Institute of Petrochemicals Technology.
Dr. Bio products are 100 percent compostable, claims the company. The basic raw material to produce this bio-polymer product is corn, which is further used to make products like bottles, containers, lamination films, shopping, carry bags, etc. The only factor that differentiates bio-polymers and traditional plastics is sustainability and biodegradability.
According to Mukul, plastic made from this polymer will supposedly disintegrate after 12-14 weeks, and will completely biodegrade after six months.
The product was launched in the export market in November 2020 (in Mexico, France, Brazil, South Africa, etc.), and was launched in India in June 2021.
Global market analysis and becoming ‘Aatmanirbhar’
According to a study by Market Data Forecast, the Asia-Pacific bio-polymer market is worth $3.1 billion, and is projected to reach $6.3 billion by 2026, growing at a CAGR of 17.4 percent. And, India’s bioplastics market is expected to reach $754.648 million by 2025.
In the global market, Europe dominates the space followed by China. India is home to several companies in the sector such as Bioplastics International, Ecolife, Plastobag, Truegreen and more. These companies are involved in the manufacturing as well as selling of bioplastic products such as gloves, plastic bags, cutlery items, and more.
Talking about Europe and the widespread adoption of bio-polymers in the global market, Mukul says, “While we (India) are in the learning phase, in Europe, they already have set standards, procedures and applications for bio-polymers. They have adopted it in their daily life while here, we are still educating the Indian market.”
He further adds that Indian companies, especially ecommerce ones, where the use of plastics in packaging is widespread, must take the initiative of adopting bio-polymers. “Rome was not built in one day, but we have to make a start. Big brands can start by adopting 5 or 10 percent bio-polymers, and then gradually expand.”
Mukul feels there is a natural inclination among people to adopt sustainable alternatives, and if everyone does their bit, “we can move in the right direction”. He says the COVID-19 pandemic has given a good opportunity to India to expand its global reach.
“They (the global suppliers) still rely on China but want to shift to other countries as well like India, Vietnam and Taiwan.”
In the near future, Hi-Tech will reach out to more brands across different sectors in order to educate them about bio-polymers, and wants to penetrate deeper into the existing markets. It is specifically looking at targeting companies in the frozen foods and ecommerce segments by reaching out to the people responsible for the packaging verticals of these companies.
Going forward, the company also wants to build a solid and resilient supply chain by directly connecting with corn farmers or starch manufacturers.
Edited by Anju Narayanan


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In preparation for the opening of Cairns’ newest five-star hotel, Bailey, a Crystalbrook Collection Hotel, has announced that direct online bookings are now available at crystalbrookcollection.com/
Located in the heart of Cairns’ flourishing cultural precinct, Bailey will open the doors to its first guests on Saturday, 2 November 2019.
To celebrate the launch of Bailey, Crystalbrook is offering advance opening rates starting at $179 per room per night.
“Launching direct bookings to the public is a significant milestone as we count down the days until we open,” said Carl Taranto, General Manager, Bailey.
Bailey is the second of three Crystalbrook Collection hotels to open in Cairns and once open, will be the fourth hotel in the Group’s fast-expanding Australian portfolio.
As the thoughtful, creative sibling to Riley that opened in 2018 and Flynn, that’s set to open early 2020, Bailey will celebrate art in all its forms. Its opening schedule of events and art-filled inclusions will showcase a diverse array of local emerging and established artistic talents.
To book your stay with Bailey, visit crystalbrookcollection.com/
Follow Bailey on social media:


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Mas Effects has introduced the Sona Fuzz, which they describe as an extreme, high gain fuzz pedal with a touch of class.
Catalinbread has launched a new pedal in their lineup with the Many Worlds, a phaser that has tons of flexibility. It’s an eight-stage phaser with eight selectable phase control parameters, six LFOs, and two envelope-dependent phase shift modes.
Origin Effects has launched two new bass pedals with the BassRIG Super Vintage and the BassRIG ’64 Black Panel. The units are overdrive and preamp pedals that center around the company’s Analogue Amp Recreation circuitry.
TC Electronic has expanded its line of compact pedals with a brand new direction. The Impulse is their first IR Loader, which is a device that lets you use cab simulators and impulse response files to model your signal’s output after certain sounds.
TC Electronic is continuing to pay homage to classic sounds with their latest pedal, the Bucket Brigade Analog Delay. The new stompbox offers up to 600 milliseconds of delay time with optional modulation and depth controls.
Death By Audio has announced a new pedal to their lineup called the Germanium Filter. The stompbox is inspired by old school sounds of a console-style boost, fuzz, distortion, and overdrive pedal.
Rodenberg Amplification has unveiled a handy new pedal called the KILLMISTER. Named in homage to bass icon Lemmy, the device is an automatic kill switch that lets you cut your signal with eight settings.
Mastro Valvola has unveiled a new pedal called the OFF1. The unit combines octave, fuzz, and filter circuits into a stompbox made for “guitar, bass, synth, and any other stuff,” the company states.
Zoom’s B6 multi-effects processor for bass is now shipping. The latest addition to their floor units offers 11 bass amp and four DI models based on classic designs in addition to 10 preamps and effects models and a looper.
TC Electronic has introduced a new pedal to their lineup called the Infinite Sample Sustainer. As the name implies, the new circuit captures a sample of your sound and sustains it.
MXR has unveiled the Poly Blue Octave, a pedal that offers four separate octave divisions and a “thick, unruly” fuzz. The octaves include one down, two down, one up, and two up.
Mojo Hand FX has expanded its line of pedals with the Clarity Compressor, an original circuit design focused on simplicity and sonic versatility.


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ACCO Brands Corporation (NYSE:ACCO) 4Q Results Enthuses The Market
The $695 million market capped office and stationary supplies firm, ACCO Brands Corporation (NYSE:ACCO) posted close to 5 percent increase in its market value yesterday, after the release of its 4Q 2013 and full year operations results before market opening yesterday.
ACCO Brands Corporation (NYSE:ACCO) president and chief executive officer Boris Elisman, providing his commentary on the results, has been quoted to have said that, “As we reported in January, our quarterly and full-year results were in line with our overall expectations. Despite a challenging environment, we generated over $150 million in free cash flow, which was used to reduce our debt. Looking into 2014, we again expect strong free cash flow, underpinned by cost reduction actions and productivity improvements.”
Some of the key highlights of the results announcement was the net dip in sales by 5% for the quarter to level out at $503.7 million. The dip in sales is being linked to the lower market volumes coupled with the product mix that remained unsold. But in spite of the slowdown in sales, the firm managed to post a significant increase in its quarter income. It posted net income of $50.3 million in 4Q13, as compared to $15 million losses that the firm had taken a hit on in 4Q12. Adjusted income went up 6% to $44.9 million as against the $42.3 million it had recorded in 4Q12. The better than expected income was generated by bringing in cost savings by leveraging on synergies and improvements in the production mechanism.
For the full year operations, the net sales were down by 0.4 percent, while income stabilized at $77.3 million before taxes. Over the trailing 12 months, the firm had managed to accumulate net income of $11.9 million. In the past year, the stock has posted net losses of 27 percent.


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The latest rate of growth was the sharpest since March, when prices had risen the same 5.2percent.
Statistics SA said yesterday that prices rose faster for coke, petroleum, chemical, rubber and plastic products, which rose 1.9percent in September, compared to the 7.3percent recorded in the previous.
Prices for metals, machinery and computing equipment inched up 1.9percent in the period under review compared to the 1.3percent increase in August and transport equipment rose 3.7percent last month, compared with the 1.4percent recorded in the previous month.
However, data from Stats SA showed that prices advanced at a slower pace for food products, beverages and tobacco products, which rose 2.6percent in September compared with 3.1percent recorded in August. Prices for wood and paper products rose 7.7percent last month compared with 8percent in August.
Kamilla Kaplan, an economist at Investec, said that higher fuel price inflation lifted PPI inflation for the second consecutive month. “A key influencing factor on this component will have been the substantial 67c and 44c/litre price increases for petrol and diesel respectively in the month of September.
“The upward fuel price pressures should abate somewhat in October with the Department of Energy currently estimating a petrol price increase of only 3.2c/litre,” Kaplan said. On a monthly basis, Stats SA said producer prices increased 0.7percent in September, against a 0.4percent increase recorded in August.
September’s PPI also reflected manufactured food price disinflation. The contribution to headline PPI from the food, beverages and tobacco products category decreased for the ninth consecutive month to 0.9percent in September from 1percent in August. Microeconomics statistics website Trading Economics said producer prices change in South Africa averaged 5.83percent from 2013 until 2017, reaching a record high of 8.8percent in April 2014 and a record low of 2.61percent in February 2015.
The Stats agency said September’s 67c increase in the fuel price saw last month’s Consumer Price Index increase from 4.8percent on a yearly basis in August to a higher-than-expected 5.1percent in September. The central bank last month kept its repo rate unchanged at 6.75percent, taking a cautious approach to monetary policy as risks to the inflation outlook were on the upside.
- BUSINESS REPORT


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OPPO’s A57 is a great option for buyers looking for a sub-12k PHP phone. OPPO has now made the phone an even more tempting option, as the A57 was recently made available with Globe’s Postpaid Plan 999 with a cash-out of only PHP500.
OPPO Philippines and Globe Telecom now offers the OPPO A57 selfie-centric smartphone at Plan 999 with one-time cash-out of Php500. Equipped with a 16MP selfie camera on a sleek 5.2” display form factor, the A57 is an ideal smartphone for selfie lovers who needs a compact smartphone. Customers get 3.5GB of open data allocation along with 10GB of GoWatch for streaming apps and free Facebook allocation of 1GB monthly on Plan 999.
The OPPO A57 has a flagship-level 16 MP selfie front camera, bokeh enabled selfies, beautification 4.0, lightning-fast solid-state fingerprint scanner, and a long-lasting battery on a perfect 5.2” body size that perfectly fits to any hand.
Additionally, the A57 carries a formidable 1.4GHz Snapdragon 435 Octa-core processor and 3 GB RAM, ensuring snappy performance and seamless multi-tasking for today’s demanding trend. It even has better LTE connection thanks to the 700MHz band 28 compatibility for faster speeds and better indoor signals.
ThePlan 999 with the OPPO A57 features a monthly allocation of 3.5GB for open-data while streaming apps like Netflix, Youtube, HOOQ and more have its own 10GB allocation via GoWatch. Additionally, customers have 1GB Free Facebook allocation, 50 all-net texts, and 50 mins of calls to Globe/TM which all replenishes monthly. A complimentary 6 months Netflix subscription is also included into the plan for series and movie fanatics.
“Our OPPO A57’s competitive features and sleek form factor along with the data-rich and entertainment packed package of Globe make a compelling postpaid offer for our customers.” – OPPO Philippines Eason de Guzman, Public Relations Manager
Recently, OPPO A57 was announced as the the 2nd best-selling Android smartphone in the world according the Counterpoint Research last July 2017. It’s balanced performance, high front selfie camera resolution and ideal size is a great value to consumers who needs a great mid-range smartphone.
For more details about the OPPO A57 on Globe Postpaid, please visit https://goo.gl/ZpEVAW.


text: Two large tobacco companies are fighting to protect the e-cigarette industry. CEOs from Reynolds American and Lorillard are urging U.S. health officials to move more quickly on regulating them, saying the lack of clear rules makes it harder for smokers to switch to the less-hazardous product. Both companies want the U.S. Food and Drug Administration to establish guidelines for the industry to prevent jeopardizing potential health benefits from converting smokers to the newer technology. E-cigs are advertised as a healthier alternative to traditional cigarettes because they emit vapor rather than tar, ash and smoke. Although local and federal officials say the health effects of the vapor aren't fully known, tobacco companies still have an interest in making sure the e-cigarette industry is regulated.


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Opinion | The Sony PlayStation 5 will win the next console battle, but the future belongs to Microsoft
Sony is currently ahead of the pack when it comes to hype: The presentation of the PlayStation 5 logo on the big stage at CES in January has already caused a stir and set an industry record of more than five million Likes on Instagram. Enthusiasm for the Xbox Series X, on the other hand, is rather limited, even though the console is much more compact and more powerful in many areas.
A combination of clever marketing, impressive technical demonstrations, exciting exclusive titles and the strength of the PlayStation brand should result in Sony selling significantly more consoles at launch and in the years to come, especially if the price is as low as expected. But even if Sony can repeat the success of the PlayStation 4 with 110 million consoles sold, this is still far from enough to shape the future of gaming.
Microsoft's declared goal is no longer to sell as many consoles as possible, but to become the "Netflix of gaming" instead. The company does not want to reach "just" a hundred million customers but wants to connect with billions of people who do not even see themselves as gamers yet. Unlike last time, Microsoft is taking the right approach this time around.
The Netflix comparison does not quite fit, and instead Microsoft should rather see itself as the Spotify of gaming. If you think back to 2006, Apple followed the same strategy in the music industry that Sony is pursuing with the PlayStation 5: With the iPod, the company had a strong brand and decent hardware, the iTunes Store was the market leader in the sale of digital music, but passionate music listeners could also buy their CDs in the store and transfer them to the iPod without any problems.
But 2006 was also the year Spotify was founded. Music streaming was a terrible idea for the majority of customers at that time, and CDs or even records were the medium of choice for passionate music lovers. Mediocre offers like Microsoft's Zune Pass were what the gaming industry has produced today in the form of Google Stadia or even Nvidia GeForce Now. Technically sound streaming solutions were not enough back then, and they still aren't today.
But just a decade later, music streaming had become the predominant form in which people listened to their favorite artists. What happened? Many music lovers still cling to CDs, vinyl and the like, but streaming's audience goes far beyond this core crowd. Streaming services are also being used by people who previously listened to very little music other than the radio in their car - and that's where Microsoft wants to go with gaming. There are billions of potential customers who have never really tried gaming due to the high cost of the hardware. There is a huge target group just waiting for this hobby to become more accessible.
Microsoft will launch Project xCloud in September as part of Game Pass Ultimate. In doing so, the company will combine the most important cornerstones that have made Spotify or Netflix successful: A relatively low price, an extensive catalogue, which in this case contains hundreds of games, as well as the possibility of downloading the titles to a terminal and playing them locally on an Xbox or PC when the Internet connection is not particularly good.
As with Spotify, the future won't come overnight, and Sony still has a few good years ahead of it with the PlayStation 5. So, similar to what happened with Apple Music, the current market leader still has a chance to get in during the revolution. But if you think that a majority of gamers will still be running into a GameStop store in a decade to pay US$75/£70/€75 or more for the latest game, which after a lengthy installation can only be played on one particular device, you might be surprised by the future of gaming.
Own / Sony / Microsoft


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The two, now 35-year-old mothers, found it too easy for parents to buy cheap clothes for their fast-growing children. They turned that perception into a mission and founded Hand Me Up, an online business that sells children’s clothing capsules. The site accepts hand-me-down donations, and the blog offers tips on how families can live more sustainably, including how to host a clothing exchange.
The fashion industry has a significant impact on the environment, and in recent years this issue has attracted attention. According to a report in nature review earth and environment, the industry produces 8-10% of global CO2 emissions. Technology cannot reliably turn unwanted apparel into fibers that can be used to make new goods.
“We wanted to teach kids why they shouldn’t treat their clothes like they can be worn twice and thrown away,” Boynton said. “Our dream at Hand Me Up is to be part of circular fashion, leaving little to no fabric waste for the next generation,” he added Livingston.
How families can waste less food and why they should
Dianna Kapp said her green children inspired her to write her book. Girls who make the world green: 34 rebellious women to save the planetShe wanted her children and others to be inspired by female environmental changers working to save the planet., Kapp asked Annie Leonard, head of Greenpeace USA, what she should tell young people. Leonard’s quick advice: Keep sharing cool. “On average he gets dressed in six months, less than it takes us to go through a bottle of ketchup,” he said.
The impact of discarded clothing is immeasurable. According to the Council for Textile Recycling, the average American throws away 70 pounds of clothing and other textiles each year. The EPA estimates that of her 17 million tons of textiles produced in 2018, only 2.5 tons were recycled. As a result, for every five garments produced each year, the equivalent of three garments are landfilled or incinerated. Synthetic fibers like polyester made from petroleum are not biodegradable and release tiny plastic particles. The world’s largest floating island of plastic, three times the size of her in France, consists of 1.8 trillion pieces of plastic, some of which contain these fibers, which are We kill thousands of marine animals every year.
“Dropping all your clothes on Goodwill isn’t as virtuous as you might think,” Cupp said. I’m here. “We ship a lot overseas, but more and more countries are saying no because they are ruining their economies by sending cheap clothes that are cheaply made locally.”
The mantra followed by many environmental activists is repair, reclaim, reuse and organize. Experts say this is a great way to reduce clothing waste, especially for children. When clothing gets too big or wears out, parents can gift it, trade it, sell it, or repair it.
When thredUP, one of the largest online resale platforms, launched in 2009, one of its goals was to remove the stigma around used clothing and encourage a new generation of consumers to think second-hand clothing first. did. Now, after processing more than 137 million items, the company’s resale report predicts that the US second-hand market will more than double to $82 billion by 2026.
Trading apps like Kidizen, a marketplace for buying and selling children’s clothing, can also help parents live more sustainable lives. Hand Me Up (sizes 0-6) and Upchoose (sizes 0-3) charge a monthly subscription fee to exchange clothes that have grown in size to the next size. Jackalo focuses on producing durable children’s clothing and offers discounts on used clothing returned through the “TradeUp” program that other clothing manufacturers use. And traditional over-the-counter retailers like Kid-2-Kid buy back top-notch second-hand goods and resell them.
Environmental activist Verena Polowy has a YouTube channel, blog, and community to promote a capsule wardrobe, a replaceable clothing essential that helps consumers avoid impulse purchases and change buying habits. I created My Green Closet. “The family doesn’t wear more than 80 percent of her clothes,” she says Polowy. She offers tips on her own website, citing her family’s capsule as an example.
Faith Roberson, founder of Organize By Faith, believes the best way to live green is to consume less. She instructs her clients not to overlook their children’s closets in particular. “If we want to change behavior around the amount of purchases, it’s important for parents to get into the habit of organizing before they buy,” Roberson said. We buy things for them, so it’s very important that we clean out our closets at that time of year.”
Polowy suggests more conversations with parents about how restoration can be fun and fulfilling. “Upcycling is difficult because of the availability of cheap alternatives. But she added, “I love seeing cute or stylish mending and upcycling tutorials on social media. The more accessible the ideas, the more people will pick up needle and thread.” You will be prompted to
The idea of recycling clothes may be trending. Online groups such as the Buy Nothing Project and Freecycle have millions of members who exchange items such as children’s clothing with people in their communities for free.
Livingston and Boynton get excited when they talk about reducing clothing waste. “We’ve learned that if our family can make these changes, the entire planet can change,” said Boynton.
Have a question about parenting? ask the post.


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Press releases and news
All press releases and news.
Kvaerner results up, dividend proposed12 February 2020
Kvaerner’s results for the fourth quarter and for the full year 2019 ended at planned levels. Operating revenues for the last quarter were NOK 2 789 million for the Field Development segment, where also revenues from joint ventures are included.
Invitation to presentation of 4th quarter and annual results 201931 January 2020
Kværner ASA will publish its 4th quarter and annual results 2019 at the Oslo Stock Exchange on Wednesday 12 February 2020 at 07:00 CET.
CORRECTION- Kvaerner sells 1 430 429 shares to employees23 January 2020
On the 26 November Nordea Markets sold on behalf of Kværner ASA 1 430 429 shares in relation with the com...
Correction – Mandatory notification of trade Primary Insiders – Kværner ASA14 January 2020
Idar Eikrem, EVP & CFO in Kværner ASA purchased through a private company on Friday 20 December 2019...
Kværner ASA: Mandatory notification of trade primary insiders20 December 2019
Mandatory notification of trade primary insiders 20 December 2019 - The following primary insider has pu...
Awarded NOK 16 million in research funding19 December 2019
Kvaerner, together with SINTEF and local business partners at Stord, has been awarded NOK 16 million from...
Kvaerner guides for financial results and announces strategic cooperation at Capital Market Update12 December 2019
During Kvaerner’s capital market update presentations today, the company comments on a series of news.
REMINDER Invitation to Kværner ASA’s Capital Market Update 12 December 201906 December 2019
Kværner ASA (KVAER) has the pleasure of inviting you to attend Kvaerner`s Capital Market Update which wil...


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The Batika brewery will begin the construction of a new factory in Khabarovsk in the near future, the press service of the Khabarovsk regional administration reported to RosBusinessConsulting. $50m will be invested in this project. The construction process will be completed at the end of 2002. The new factory will be producing about 15m decalitres of beer annually with a further increase to 30m. According to specialists, the volume of beer consumption reaches about 20m decalitres in the Far Eastern region annually. In addition, Baltika will be supplying its beer to North China.
Volodymyr Zelensky misunderstood the proposal from Turkish President Recep Tayp Erdogan regarding the restoration of Kharkiv


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South Side Business News & Notes
City, car dealers create Green Auto Mile
GREEN — The city of Green has officially named the stretch of South Arlington Road between Interstate 77 and state Route 619 the Green Auto Mile.
The announcement celebrates the completion of a $12 million infrastructure improvement project that included widening South Arlington Road, updating the intersection at state Route 619, rerouting Jarvis Road and adding sidewalks, curbs and more.
A three-day celebration will begin July 26 with a VIP event, followed by an evening of exclusive deals on new and used cars July 27 from 5 to 9 p.m. The celebration will culminate July 28 from 9 a.m. to 5 p.m. with community events featuring family fun, including a baseball-themed extravaganza with food and fun at each dealership, chances to win prizes from local vendors and Ohio attractions, celebrity and mascot appearances and more.
The Arlington Road corridor was named the Green Auto Mile to mark the home of six car dealerships — Doug Chevrolet, Fred Martin Nissan, Lexus of Akron/Canton, Park Auto Group, Ron Marhofer Hyundai and Toth Buick GMC.
“The auto dealers and the city of Green are all very excited about this new collaboration,” said Mayor Dick Norton. “Each dealership is in walking distance of each other, as well as in close proximity to retail shopping centers, restaurants, hotels and a movie theater. I believe this will validate the Green Auto Mile as the place to shop for a new or used car in the Greater Akron/Canton area.”
To learn more about the Green Auto Mile dealerships or the commemoration weekend of events, including car specials and event parking, please visit www.greenautomile.com.
Goodwill accepting employee distinction award nominations
GREATER AKRON — Goodwill Industries is offering area employers an opportunity to recognize and appreciate their stellar employees by sponsoring the Employee of Distinction Award Luncheon Sept. 5. Employers in Summit, Medina, Portage, Ashland and Richland counties may nominate as many employees as they would like to publicly recognize, and there is no fee. Every nominee will be acknowledged at the event, listed in the commemorative program and placed in the running to be named one of the five 2012 Employees of Distinction. All nominees also will receive two free tickets to a performance at Akron’s Civic Theater. The deadline to submit nominations is July 30.
A panel of independent judges will select the top five employees. The winners will be announced at the event and be given a special gift from Shulan’s Jewelers in Fairlawn. Employers who submit a nomination by July 15 will receive a free business-card-sized advertisement in the commemorative program (limit one ad per company) and be entered into a drawing to win a membership to the Greater Akron Chamber (current members are not eligible).
The luncheon will be held at 11:30 a.m. Sept. 5 at Guy’s Party Centre, 500 E. Waterloo Road in Akron. This year’s keynote speaker at the Luncheon will be Ward “Tim” Timken, chairman of the Timken Co. Board of Directors. Co-chairing the event will be Randy Katz, of City Scrap and Salvage Co., and Jim Bunnell, of Austin Tape and Label.
Tickets to the event, including for nominees, are $25. Employers can download the nomination form, make a reservation for the luncheon and learn about sponsorship and advertising opportunities for the event at www.goodwillakron.org. Questions about the luncheon can be directed to Tracy Keenan at 330-786-2573 or email@example.com.
— Ariel Hakim and Maria Lindsay contributed to these reports.
More Business News
Calendar of Events
- ZOSO with Joe Vitale Jr. Band - 5/24/2013
- Evil Ways with The Juke Hounds - 5/24/2013
- Voices in the Valley - 5/24/2013
- Who’s Bad? The Ultimate Michael Jackson Tribute - 5/24/2013
- Ballroom Nights - 5/24/2013


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This week, Apple officially hit the $1 trillion mark — making it the first American company to do so, ever.
So much of that success is due to the vision of Steve Jobs, the late Apple cofounder. Without him, Apple as we know it today might not even exist.
Once upon a time, Apple was a disaster, chewing through CEOs and delivering one bad quarter of financial results after another.
In 1996, knowing he had to do something dramatic, then-Apple CEO Gil Amelio negotiated a deal to buy NeXT, the computer startup operated by an exiled Jobs, in hopes that he would bring some much-needed direction to the company.
Instead, Jobs staged a boardroom coup that resulted in Amelio’s resignation. Jobs had decided that if Apple were to be saved, he would be the one to do it — even if it meant getting help from the company’s rivals at Microsoft.
Here's what happened next.


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Vodafone’s Spanish unit has reached agreement with unions for the loss of 620 jobs, in an attempt to cope with market pressure resulting from the country’s recession.
The actual cuts are less than previously feared. Recent reports suggested the operator might cut its workforce by as much as 25 per cent, equivalent to 1,000 positions.
However, Vodafone has adopted other cost-saving measures which, including the outsourcing of certain services, which will affect up to 130 jobs, it said in a statement.
In addition, working conditions for 150 workers would be altered and 400 staff would no longer receive tax-free luncheon vouchers.
The country’s depressed economy means consumers are making cost savings. Vodafone, along with its rivals including Telefonica, have felt the effect in a number of ways.
Consumers have been moving to competitively-priced MVNOs with the result that Vodafone has been losing subscribers.
According to recent figures from the country’s telecoms regulator, it lost 1.6 million mobile connections during 2012. Rival Telefonica suffered even more, shedding more than three million connections.
The loss of consumers has fed through to declining revenue, as demonstrated in Vodafone’s most recent quarterly results.
In the three months to the end of December 2012, revenue at the operator’s Spanish unit fell by 11 per cent.


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Toward the end of last year, global adhesives manufacturer Henkel announced that it would be expanding its facility in Tallaght, Dublin, Ireland, to include a new additive manufacturing operation. Today, Henkel officially announced the opening of the new facility, called the Innovation and Interaction Centre for Additive Manufacturing (3D Printing). The center will become Henkel’s European regional hub for technology presentations and demonstrations, training, testing and customer service.
The project is based on a four-year investment plan with an estimated maximum spending of €18 million. The plan is to expand Henkel’s capabilities in R&D, and application and product development. A team of skilled scientists and engineers will develop new advanced materials for use in industrial manufacturing.
The Innovation and Interaction Centre currently has 700 square meters of labs, customer service offices, meeting rooms and 3D printing facilities. Over the next two years, Henkel plans to further expand the center to include five additional laboratories, workstations and meeting spaces.
“The opening of this new Additive Manufacturing centre of excellence further consolidates Henkel’s operations in Ireland where the company already employs 400 people across three sites,” said Damien English, Minister of State at the Department of Housing, Planning and Local Government. “The company’s choice of Dublin for this European hub for 3D Printing technology is a clear endorsement of the innovation ecosystem in Ireland. We very much appreciate Henkel’s investment and the quality jobs being provided, which will help put Ireland at the forefront of a new and exciting chapter in manufacturing.”
The center is the first in a series of next-generation industrial customer centers. Two additional regional centers are also in development, in Rocky Hill, Connecticut and in Shanghai.Henkel isn’t the only company to open a new additive manufacturing facility in the past few days. LPW Technology, manufacturer of metal powders and powder traceability solutions for the additive manufacturing industry, has officially opened its new metal powder manufacturing facility for additive manufacturing. The £20 million facility is located in Widnes, near Liverpool, and is comprised of 90,000 square feet on seven acres.
“It is very uplifting to see LPW, whom the Borough has supported in its development of this site, deliver for UK Manufacturing,” said Cllr Rob Polhill, Leader of Halton Borough Council. “Manufacturing growth is at the heart of our region’s economic success and LPW is continuing to develop technologies and products to create skilled job opportunities here in Halton in the rapidly growing field of 3D metal printing technology. This demonstrates the success of the advanced manufacturing sector in the North West.”
The new center, opened by HRH The Duke of Gloucester, is the first metal powder facility in the world dedicated specifically to additive manufacturing. Complete digital integration of processes, along with a focus on contamination control, ensure quality throughout the facility. The factory has been designed to engineer out contamination. Careful separation of materials is ensured through separate cells, protected by airlocks and operating as clean rooms. The facility is also equipped with LPW’s PowderLife, a metal powder lifecycle tracking system, to ensure that the material is strictly controlled through every step of the process from raw material to customer site.The center houses several atomisers, equipment that melts feedstock at approximately 1700ºC. The molten metal is then converted into powder used to 3D print parts for industries including biomedical, automotive and aerospace. In addition to manufacturing metal powder for additive manufacturing, LPW houses leading material testing equipment to fully characterize metal powders and 3D printers to develop the next generation of additive manufacturing materials.
“As LPW moves confidently into this next stage of our growth plan, we place immense value on our exceptional employees who are making this possible,” said LPW CEO Phil Carroll. “I’m extremely grateful for the support received from Halton Borough Council and the UK government’s Advanced Manufacturing Supply Chain Initiative (AMSCI). To be part of a UK-based manufacturer helping to realise the potential of 3D printing in applications across the world makes me incredibly proud.”
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BMW’s Mini division will soon introduce its first series-produced electric model. This is not that. The EV isn’t ready yet, so the company is whetting our appetite by displaying a fully refurbished original model converted to run on electricity. The resto-modded classic made its debut on the eve of the New York Auto Show.
Mini explains it started with a 1990s car recently treated to a thorough restoration. Those well-versed in Mini history will tell right off the bat that it’s not stock, but it looks no different than the countless owner-modified examples that continue to zig-zag through the world’s busiest city centers. Discreet plug-shaped emblems on both ends and on the alloy wheels are the biggest hints that it kicked its gasoline-slurping habit.
So, what’s under that tiny hood? Where on earth did Mini find space to install a battery pack? How far can it drive on a full charge? Your guess is as good as ours. Mini hasn’t released technical specifications yet. Going electric inevitably adds weight, but the company promises the conversion hasn’t sacrificed the go kart-like handling that made the original Mini a hit on the track and in crowded urban centers.
We’ll have to wait a little while longer to see the modern-day electric Mini. Announced with a concept car last year, the two-door model will enter production before the end of next year in the company’s Oxford, England, factory. The announcement quells rumors that claimed production would take place in China. Stefan Juraschek, the head of BMW’s electric powertrain department, recently revealed to Digital Trends Mini’s first series-produced electric model will share some drivetrain parts with the i3 but it will receive a model-specific lithium-ion battery pack.


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Tesco – Britain's biggest retailer – yesterday met forecasts with a slower rise in UK sales in the third quarter but signalled it would continue to outstrip rivals going into the key Christmas trading period.
Strategy and finance director Andrew Higginson said Tesco was "looking good" moving into the final three weeks of crucial Christmas trading amid warnings British retail faces one of its worst holiday shopping seasons on record.
"There's all to play for, but so far so good, we are looking forward to having a good Christmas," he said.
Underlying sales at Tesco's core British business rose an expected 5.6 per cent in the 13 weeks to November 25, down from a 6.6 per cent pace in the second quarter, as price cuts and a boom in its online business failed to offset a subdued market.
Exane BNP Paribas analyst Tim Attenborough said Tesco has posted a "very respectable set of numbers".
"But they're in line and Tesco watchers over the years have become used to better than that," he said.
Tesco has piled on market share in recent years, branching out of its traditional food business into more profitable clothing, household goods and financial services sectors as well as expanding internationally.
Having pulled in customers with price cuts, it now accounts for almost one pound in every three spent in British supermarkets.
Yet, competition has toughened in recent months as grocery rivals Sainsbury and Marks & Spencer proved quicker at responding to shoppers shift away from price to better-quality and ethical produce.
Mr Higginson said Tesco's growth in organic and its highest level Finest range was "very strong" and it was well-positioned to take advantage of the trend towards shoppers trading up.
"We continue to like the long term story of the company, but feel that it is all in the current price," JP Morgan analysts wrote in a research note. They said Tesco shares trade at 16.7 times 2007 earnings forecasts versus a sector average of 15.7.
Third quarter inflation of 0.8 per cent was also easing and going forward Higginson said he expected the pricing environment to be "flat to slightly deflationary".
Tesco was also on track to have 60 per cent of its group space – and 20 per cent of its profits – outside Britain by the end of the year after losing out to Wal-Mart last month on a deal to enter India.
Mr Higginson said the group was in talks with other possible partners in India and opened on Monday its US headquarters ahead of stores openings there at the end of next year.
Meanwhile, a new report yesterday predicted that more than a million and a half workers will pull a sickie over the next few weeks to go Christmas shopping.
Research by insurance firm Scottish Widows showed that huge numbers of people were planning to fake an illness or even a doctor’s appointment to help them finish their festive preparations.
A survey of 1,600 adults showed that younger workers were most likely to take time off in the week to buy presents.
Edinburgh topped the sickie chart, with 14 per cent of people polled planning to take a day off, while Londoners threw the least number of Christmas sickies.
Women were more likely to buy presents in November, while seven per cent of men said they would leave it until Christmas Eve to buy gifts.


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Blue Apron was a pioneer in delivering food kits to customers for assembling meals at home. Now it is beating a path to an initial public offering.
The five-year-old company filed on Thursday to go public, moving to become one of the most prominent consumer start-ups in recent years to pursue a stock listing. It plans to trade under the symbol “APRN.”
Blue Apron is seeking to go public as it faces intensifying competition from a host of rivals, including HelloFresh, Sun Basket and the vegetarian-focused Purple Carrot. And its filing shed light on some of the high costs of that race: Even as the company’s revenue grew, its losses and marketing costs soared.
A successful public offering would make Blue Apron one of the most recognizable names to enter the public markets since Snap, the parent of Snapchat, began trading on the New York Stock Exchange in March.
Founded in 2012, Blue Apron was one of the earliest purveyors of so-called meal kits, which provide subscribers with mostly prepared ingredients that they cook at home, following an accompanying recipe. The premise: home cooking, without the trips to the grocery store or the hassle of deciding what to make.
The size of Blue Apron’s offering has yet to be determined. The prospectus listed a $100 million fund-raising target, a preliminary number used to determine filing fees.
The filing highlighted the enormous growth that Blue Apron has enjoyed since starting. Its sales have risen 10-fold from 2014 to 2016, reaching $795.4 million last year.
But its net loss grew 16 percent last year from 2015, to $54.8 million, according to the filing. Using the company’s preferred measure of adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, which excludes expenses like stock-based pay and taxes, it lost $43.6 million in 2016, up 32.5 percent from the year before, the filing shows.
Some of the increased loss stemmed from the rising cost of ingredients and from spending on marketing, which jumped 10-fold from 2014 to 2016, to $144.1 million.
Blue Apron has shown signs of stalled growth in other ways. Its average order value for the first three months of 2017 shrank slightly from the same period a year ago, to $57.23. Both the number of orders per customer and the average revenue per customer also fell slightly in the first quarter of this year compared with the first quarter of 2016.
The company has also made moves to grow, including acquiring BN Ranch, one of its beef suppliers.
Going public does not mean that Blue Apron’s management is intent on giving up control of the company. The start-up will have three classes of stock: Class A shares that will be sold to the public and will carry one vote per share; Class B shares, which the founders and early investors own, which carry 10 votes per share; and Class C shares, which come with no voting rights and will be used for purposes like acquisitions.
As of now, the company’s biggest shareholders are Matthew B. Salzberg and Ilia M. Papas, the founders, who together own just under 40 percent of the class B shares, and the venture capital firms Bessemer Venture Partners and First Round Capital.
Goldman Sachs, Morgan Stanley, Citigroup and Barclays are leading on the offering.


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Shiba Inu (SHIB) Now Accepted by Swiss Luxury Watchmaker Hublot
Hublot, a Swiss luxury watchmaker, has announced that its recently released 200 limited-edition watches may now be purchased online using cryptocurrencies such as Shiba Inu and Bitcoin through BitPay.
This means of payment is exclusively limited to customers of the Hublot United States eBoutique, it stated in a tweet.
BitPay, a cryptocurrency payments processor, formally announced support for meme cryptocurrency Shiba Inu in late 2021, allowing SHIB to be spent at hundreds of BitPay retailers who accept Shiba Inu.
Aside from Shiba Inu, BitPay also supports other cryptocurrencies like Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Wrapped Bitcoin and the five other USD-pegged stablecoins (BUSD, DAI, GUSD, USDC and USDP).
Other premium fashion labels and businesses have also signalled their willingness to accept bitcoins as payment for items.
Swiss luxury watchmaker Tag Heuer and St. Louis Park-based jewelry store Continental Diamond announced accepting cryptocurrencies via BitPay.
Gucci, a luxury fashion brand, stated in May that it will start accepting Bitcoin, Dogecoin, Shiba Inu and some other cryptocurrencies at select locations in North America.
According to the Shib Burn Twitter handle, approximately 216,301,162 SHIB tokens have been burnt in the previous 24 hours, with 15 transactions taking place.
The Shiba Inu burn rate is also up 134%, per the Shibburn website.


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One of the largest human hair merchants in Nigeria, Style Innovations Limited is set to sponsor the upcoming Most Beautiful Girl Nigeria (MBGN) beauty pageant organised by Silverbird Group.
Speaking with the media in Lagos, the Managing Director of Stylenest Innovations Limited, Mrs. Goodness Okwu said â€œStylenest prides its self as a company that promotes not just physical beauty but inner beauty of women across the continent.
For us to help women look and feel confident in their respective fields of endeavour, Stylenest decided to add its voice by supporting the MBGN, the most prestigious beauty pageant in Africa.â€
While affirming that the Stylenest brand will continue to support programmes designed to empower girl-child in the society, she urged the government to also create and support more initiatives that would give empowerment to the girl-child in the country.
The MBGN beauty pageant which will be celebrating its 30th anniversary will hold this Friday, September 15 at Eko Hotels and Suites, Victoria Island, Lagos.


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The Philippine Franchise Association (PFA) is seeing the potential of mainstreaming of regional delicacies such as yema cheesecake, pancit palabok, empanada and even lechon as a novel franchise concept.
Debbie Uy-Rodolfo, committee chair of Franchise Asia Philippines Expo 2020, said regional delicacies have potential markets based on a number of Davao and regional brands that are expanding overseas.
“Some regional delicacies that become mainstreamed because of franchising like empanada, pancit palabok, and yema cheesecake. Even lechon not just from Davao but we see products in other regions expanding to other areas beyond their origins,” Rodolfo said.
This is the reason why Rodolfo is inviting Dabawenyos and regional delegates to join the Franchise Asia PH, the country’s biggest franchise show in Asia slated on March 25 to 29 at SMX Convention Center at SM Mall of Asia in Pasay.
Now on its 28th year, the expo is an ideal venue to explore business opportunities in franchising.
“If you are looking for business venture there is a lot of opportunities when you visit the expo,” Rodolfo said.
The expo will showcase international franchise brands from Korea, Malaysia, Singapore, US and many more.
During the expo, there will be educational seminars to help aspiring franchisees invest on the right franchise and potential franchisors transform their businesses into successful franchises.
Rodolfo said Dabawenyos can take advantage of the growing economy and consider starting their own business.
It will start with a two-day international conference that will present global best practices and business solutions by renowned experts on March 25 to 26.
There is also a three-day international expo that is a one-stop shop of franchise and other investment opportunities from home-grown and foreign concepts from March 27 to 29.
The conference will feature more than 80 experts, seven plenary sessions, 15 breakout sessions and 40 roundtable discussions.
Keynoting the conference are Senator Aquilino ‘Koko’ Pimentel Ill and Ms. Catherine Monson, who chairs the US-based International Franchise Association.
The said event will also feature international franchise guru Greg Nathan and motivational speaker Scott Friedman.
Aside from the mentioned international speakers, the conference will also feature speakers and industry experts representing renowned brands such as Shopee, Lalamove, Angkas, Lazada, Zomato, Kasa Arkhitekton, McDonald’s and Jollibee.
Rounding the week-long line-up of activities is the three-day international expo. which will feature over 800 brands.
Carrying the theme “Franchising on FlRe [Fourth lndustrial Revolution)” is timely as the world faces disruptions brought about by rapid technological advances.
The event also aims to examine the impact of Industry 4.0 and what the franchising industry needs to do to make the latest industrial revolution 3 tool for further growth and better opportunities.
PFA President Sherill Quintana said one of the priorities is to encourage the Philippine franchising sector, especially PFA members, embrace new technologies to improve their business processes and to expand their markets.
“Franchising made up of seven percent of the country’s GDP and the Philippines in southeast Asia is the biggest market for franchising,” Rodolfo said.
Franchise Asia continues to be the country’s main capacity-building event for the Philippine franchising sector.


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Luxury groups with substantial watch portfolios were caught up in sharp falls on global stock markets yesterday that were blamed on the growing threat to businesses from the ongoing Coronavirus outbreak.
LVMH’s share priced dropped by 5% on Monday as a surge in Coronavirus cases was reported in Italy, sparking fears that the virus could spread rapidly across Europe. Swatch Group and Richemont were down by similar percentages.
Luxury goods companies across the board have seen analysts trim their forecasts for at least the first quarter of 2020 because of the importance of sales in China and Hong Kong in addition to the spending Chinese nationals account for as they travel the world’s tourism hot spots of London, Paris and New York.
Swatch Group has been hardest hit, with shares slumping by over 13% since the start of 2020 and down more than 27% from their 52-week high.
Richemont and LVMH are thought to be slightly less exposed to a downturn in spending from the Chinese.
Richemont’s shares are down 9.1% since the start of the year and 19.5% from their 52-week high.
LVMH stock is down 7.9% from January 1 and 12.1% since its 52-week high.


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Executive Director of Tata Commercial Vehicles Ravi Pisharody Confirmed for HD Truck Pune
Published On Jun 20, 2016
India’s leading commercial vehicle maker Tata Motors’ Executive Director Mr. Ravi Pisharody is the latest speaker to be confirmed for HD Truck Pune event. The event is organized by Automotive Megatrends to bring major OEMs, stakeholders and industry experts under one roof to discuss the future of Indian commercial vehicle industry. Apart from Mr. Pisharody, DICV CEO and MD Mr. Eric Nesselhauf and Mr. A. Ramasubramanian, President, AMW Trucks India have also been confirmed as other speakers.
In his career spanning over 29 years, Mr. Ravi has worked at various senior positions with leading market players in different segments. Before holding the position of Executive Director at Tata Motors (CV Unit), he served as Vice President Sales and Marketing at Tata Motors (2007-2012). He has also worked as Regional Managing Director, Castrol India, Middle-East, Africa and Turkey. He was also the Vice President of Consumer Electronics Division at Philips India.
Being the leader at India’s foremost commercial vehicle manufacturer, Mr. Pisharody’s inputs at the upcoming event would be vital for other attendees. The purpose of HD Truck Pune is to deduce and analyze the current scenario of Indian trucking industry and define the path line that would be followed by the industry in the upcoming decade for utmost profit and sustainability.
In other updates, Roland Burger will be the knowledge partner and Mr. Abdul Majeed will share the moderator’s responsibilities of HD Truck Pune event, scheduled to start from November 29, 2016.
CV Industry Expects HD Truck Sales to Cross 2.80 Lakh Units for FY2016-17


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Council votes to reduce liquor license fees
May 7, 2021
After repeated requests from bars and restaurants that were hammered financially by closures and restrictions because of the Covid-19 pandemic, the Cloquet City Council voted unanimously Tuesday to reduce liquor license fees by 50 percent for the next license year starting July 1. The reduction applies across the board to all liquor license fees, including the more expensive bar and restaurant licenses as well as liquor store licenses.
The city normally takes in around $30,000 in liquor license fees, finance director Nancy Klassen said.
City administrator Tim Peterson said they believe the...


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The Ford Ranger is one of the popular vehicles in AutoDeal. In fact, last June 2017, the Ranger claimed the ‘Most Popular Pickup’ title in terms of sales via the AutoDeal platform.
Ford Philippines also reported that they sold 3,273 units last June 2017, which accounts to an increase of 17% year-over-year. One of the vehicles that allowed Ford PH to achieve such feat is the Ranger, which registered 880 units during the said month.
As such, this positive performance allowed the Ranger to register record sales in Asia Pacific for the 1st half of 2017 (January to June). Retail sales of the Ranger during the first 6 months reportedly went up by more than 21% from the previous year. This number accounts to a record 63,525 unit sales.
The Ranger’s 21% increase in Asia Pacific sales were led by record performance in Australia, New Zealand, the Philippines, Taiwan, Thailand, and Vietnam.
“Demand for Ford Ranger continues to rise as consumer needs evolve towards a versatile vehicle that can be used for both work and play…and we expect demand will continue to rise.”
According to Ford, Australia leads Ranger sales volume in Asia Pacific. Sales of the said vehicle for the first half of the year rose to almost 19% with 21,638 unit sales.
In New Zealand, the Ranger continues to be the best-selling vehicle with sales during this year’s first half growing 24% with 4,980 units sold.
Ford added that Thailand registered the fastest sales growth for the Ranger with a 51% increase over the previous year with 20,230 vehicles sold in the first half of 2017.
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With the latest IDC figures predicting that the social enterprise market will reach $200 billion by 2013, it looks like social is set to become an increasingly important part of your business, according to IBM's vice president of social business evangelism and sales.
Speaking at the Social Business Strategy Summit in London yesterday, Sandy Carter said that 4000,000 ‘IBMers’ were now using social media within the business. In terms of the high tech giant's social strategy, the focus was on everything from goals and culture to engagement, processes, reputation design, and analysis. “When IBM set out to be a social business, we looked at the type of things in the business we wanted to impact,” she said. First of all, the company evaluated its goals and culture on both an internal and external basis, creating the IBM 'digital council' to act as a key driver of culture. But Carter believes that this culture starts firmly at the top: companies need strong leadership in order to ensure that social media is adopted throughout the organisation. “Do not underestimate the power of culture and leadership,” she warned . “Culture eats strategy for lunch.” Turning to engagement, Carter said: “Engagement is about moving someone from being a spectator to being a participant, both internally and externally.” In order to try and achieve this, IBM is using gaming technology externally for interaction with clients and inside the company to incentivise 'IBMers' with virtual rewards. But Carter also pointed out that it was necessary to embed social concepts into business processes and daily workflow-based activities to ensure that they were embraced as part of employees' day-to-day working lives. “Embed it into everything you do. Social allows you to ‘listen in’ on what’s going on in the marketplace and provides real ROI,” she said. One of the key reasons that companies are often reluctant to implement social techniques, however, is that they feel they are too risky and are worried what their employees will say. But this is where a disaster recovery plan comes in. The idea is to be proactive, fast and transparent and ensure that the dialogue is a two-way process. Finally, the use of analytics is crucial in order to measure what success looks like and whether the organisation has achieved it. “Measure, measure and measure again,” Carter said.


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Austria to enter third virus lockdown from December 26
Austria will enter its third coronavirus lockdown between December 26 and January 24, Chancellor Sebastian Kurz announced on Friday, as the country battles to bring down its infection rate.
But Kurz said those who take part in a planned series of mass testing programmes between January 15 and 17 will be allowed more freedom, such as visiting cultural events and restaurants.
Hotels and cultural venues will be expected to check test results on arrival, while the police will carry out random checks in other areas, Kurz said.
The measures were "the only possible way to re-open tourism, cultural life, restaurants and cafes during the pandemic and at the same time avoid numbers exploding again", Kurz said.
For the first three weeks of the lockdown, non-essential stores will close as will services such as hairdressers where physical proximity is unavoidable.
Movement outside the home will once again be restricted to purposes such as buying food or taking exercise.
However, from January 18, stores and restaurants will open again for those who have tested negative.
Schools will resume face-to-face teaching on the same date.
Those who do not take part in the mass tests will have to wear FFP 2 masks where otherwise a simpler face covering would suffice, for example while at work or buying food.
Rules surrounding how and whether to allow outdoor sports—including skiing—will be left for local authorities to determine.
Since Austria came out of its last lockdown earlier this month, the daily rate of new infections has mostly stayed between 2,000 and 3,000 per day but Kurz said on Friday that the aim was to bring the seven-day incidence of new cases under 100 per 100,000 inhabitants.
The government said the latest lockdown would be the first of three phases in fighting the pandemic.
The second phase will include weekly testing for professions including teachers and those who serve customers in shops and restaurants, with care home workers tested twice a week.
The third phase is the mass vaccination campaign, expected to begin on 27 December in tandem with countries across the EU.
But nevertheless Kurz warned the prognosis for the first few months of 2021 was "very, very gloomy", with a return to normality only expected in the summer.
© 2020 AFP


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Crash Bandicoot, our favorite '90s video game, is officially getting remastered
Many of us ’90s gamers can remember navigating our favorite wild-eyed orange bandicoot through the jungles, jumping on and spinning away from enemies in a valiant effort to defeat Doctor Neo Cortex. We happily played the original Crash Bandicoot game on PlayStation back in 1996, then hungrily ate up its sequels, Cortex Strikes Back and Warped, in the late ’90s.
And now, for the marsupial’s 20th birthday, Crash is getting a reboot. . . and it’s looking like it will be an amazing nostalgia overload. false
Sony announced at the E3 press conference in Los Angeles this week that three Crash video games will be released for PS4. While they’ll look shiny and modern, they won’t *technically* be “new,” because they’ll be remastered versions of the old missions we played back in the ’90s — which many of us nostalgic players will totally view as a plus. You’ll still be able to spin, double-jump, and all of those other moves you remember from back in the ’90s — and Crash will even be voiced by the original voice actress, Jess Harnell.
Crash Bandicoot, Crash Bandicoot 2, and Crash Bandicoot: Warped will be getting updates “from the ground up,” Sony said. Crash’s developer, Activision, also added that they’re “proud to celebrate the iconic character’s 20-year anniversary.” Crash will also be appearing as a new character in the next installment of the Skylanders franchise, so it seems as though there’s a lot set in store for our favorite shirtless bandicoot. false
People are a little excited, to say the least: false false false
Time to celebrate, folks.


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On Monday, three days before the official start of the NFL season, Nike unveiled Colin Kaepernick as the face of its latest “Just Do It” campaign.
“Believe in something. Even if it means sacrificing everything,” the ad reads, scrawled over a close-up on Kaepernick’s face.
He joins Serena Williams, LeBron James, Odell Beckham Jr., Shaquem Griffin and Lacey Baker as part of the 30th anniversary campaign.
Kaepernick first signed a contract with Nike in 2011, the same year he was drafted to the San Francisco 49ers, making him both a new face but hardly a new presence for the brand. However, according to the New York Times, that deal was set to expire soon had Nike not chosen to extend the contract.
“Colin is a Nike-sponsored athlete and has been since 2011,” Nike spokeswoman Sandra Carreon-John said in a statement to Mic. “As a Nike athlete, Colin has been featured in several campaigns for football, training and Nike Sportswear. The current Just Do It campaign celebrates some of the most inspirational athletes who have chased dreams no matter the obstacle or outcome.”
The ad campaign comes days after another victory for Kaepernick, in which his lawsuit against NFL, alleging it conspired to keep him out of the league as a result of advocacy, was granted a full hearing.
And while the ad has received praise online from other athletes like Serena Williams and Kyle Williams as well as T.I., Kelly Clarkson, Swizz Beatz, Ava DuVernay and DeRay Mckesson, it has also sparked some controversy, particularly by Kaepernick’s most outspoken critics, many of whom see his kneeling during the national anthem to be unpatriotic rather than a form of protest.
Some have even taken their anger and frustration out on Nike by burning or destroying their Nike-branded goods, in a sign of protest against a brand that both works with Kaepernick and with all 32 NFL teams (Nike outfits all game-day uniforms and sideline apparel for the league).
Some of the most viral tweets around the story are from those suggesting that for those incensed to, instead of destroying Nike products, donate to homeless veterans or kids in need.
There are also those who have purchased Nike as a result of the campaign announcement, a sign that Kaepernick may not be as polarizing a choice as some were led to believe.
Despite what could be bolstered sales or large-scale brand protests, the effects will take some time to deduce its impact one way or the other.
One thing is for sure: Kaepernick’s face on the ad campaign is sure to jostle the NFL ahead of a season that will no doubt illicit higher scrutiny from a league whose cultural dominance has been chipped away at over the last two years thanks in large part to Kaepernick’s efforts to use his platform to address racial inequality and police brutality.


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Showing results for tags 'clone'.
Four collectible covers plus extra CD-ROM with mostly pictures but also some trailers and a look at how old & fat George Lucas has gotten.
Source - BBC NEWS | Health | Clone cell cancer 'cure' hailed Clone cell cancer 'cure' hailed Melanoma can be fatal Scientists claim they have cured advanced skin cancer for the first time using the patient's own cells cloned outside the body. The 52-year-old man involved was free of melanoma two years after treatment. US researchers, reports the New England Journal of Medicine, took cancer-fighting immune cells, made five billion copies, then put
A Miami system integrator that's selling an unauthorized Mac clone has begun shipping orders, according to the company's Web site on Monday. "Orders placed the week of April 7th are currently being shipped," Psystar said in a note posted on its site. An alert on the site Friday said the store was "temporarily down." Psystar blamed the closure on the failure of its credit processing system, and not legal pressure from Apple. Full story here
Disney tells Santa clone ho-ho no Mr Worley said he was told Santa was a Disney character When James Worley paid a visit to Disney World in Florida his portly frame and white beard soon had kids asking: "Are you Santa Claus?" Not wanting to disappoint, Mr Worley, 60, played along with some "ho-ho-hos".


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LOOK: "Hometown Cha-Cha-Cha" Starring Kim Seon Ho and Shin Min Ah Is Coming to Netflix|Read more »
Tag: el nido
Travel packages are also on sale until February 19!
We knew it would happen: People going on revenge travel—a.k.a. the urge to get out of their homes after months of not being able to fly, go on long drives, stay in hotels, and have fun at beach resorts. But with the
Do you also miss the sun, sand, and surf?
If 2020 was the year you vowed to travel the country and hit the beach as much as you could, then you—as with the rest of us—probably got disappointed. As the pandemic carries on, it seems that we’ll still be mostly staying
From what you need to bring to places you can stay.
El Nido is a well-known beach destination located in one of the world's most beautiful islands—Palawan. It boasts amazing lagoons, rich marine life, and awe-inspiring limestone formations. So you can imagine the happy dancing that probably happened when the tourist destination reopened
She's making us want to hoard black maillots for our future summer getaway!
Kathryn Bernardo is a certified beach gal! After welcoming the new year in Boracay, this time around, the actress was spotted enjoying the white sand beaches of El Nido, Palawan. Joined by her family, friends, and Daniel Padilla, she definitely had a
Find out the exact designer pieces she wore!
KC Concepcion definitely made us miss the beach when she flew to El Nido and Amanpulo to kick off the new year. The actress, entrepreneur, and humanitarian spent her time under the sun with her loved ones—which included a sweet birthday surprise
They were among the top picks for the 2020 Readers' Choice Awards
Three El Nido resorts have been recognized by Condé Nast Traveler’s 2020 Readers’ Choice Awards as among the best resorts in Asia. 715,000 readers rated their top picks in Asia outside of Indonesia and Thailand.El Nido Apulit Island Resort was named number
A scientist clarifies whether it's related to the COVID-19 quarantine.
A video that was posted on Twitter made the rounds online this week, showing thousands of pink jellyfish in the clear waters off the coast of El Nido in Palawan. The video has gotten more than 400,000 views and prompted many to
She got down on one knee and asked her husband to marry her again!
If you could get married to your husband for the second time around, how would you want to do it? For this mom and CEO, her second wedding (and proposal) was a beautiful display of modern day PDA. For their 10th wedding
From picturesque beach towns to adventure-filled exotic jungles.
Solo travel is rising. It was the biggest travel trend of last year, and it looks like it will carry on through to 2020. If you haven't traveled solo, then now is the time to take the plunge. The first step, of
Plus other things she did with her family!
Georgina Wilson and her family recently enjoyed a vacation in El Nido, Palawan. Together with husband Arthur Burnand and their two kids Archie and Thor, Sunnies' brand director stayed in Pangulasian Island Resort, which is also known for its protected flora and fauna.Pangulasian is
Mark those long weekends!
In September 2019, Palawan was once again named as one of the "World's Most Beautiful Islands" by CNN Travel writer Jen Rose Smith. This archipelago, after all, boasts white-sand beaches, islets teeming with life, and one-of-a-kind limestone formations. And El Nido, a
It's one of the Condé Nast Traveler-approved resorts in the Philippines!
Palawan has been hailed time and again by international travel websites as the world's best islands; and tucked behind towering trees and between limestone cliffs is an island resort that's always one of the top contenders in Condé Nast Traveler's big lists:
Was it really her?
Based on a photo circulating online, Hollywood star Cameron Diaz was reportedly spotted enjoying a sunkissed vacation in El Nido, Palawan. Sports analyst Charles Tiu posted a photo on Twitter stating in the caption that he had spotted her at their property
Which beach should you sail off to next?
Gearing up for a holiday getaway? The beach is always a good idea! But this time around, why don’t you mix it up a little? You can turn your break into active leisure by exploring the islands of the Philippines according to
Brb, booking a plane ticket to Mindanao.
Those stunning little villas sitting on stilts have become the trademark of El Nido, Palawan, but did you know that you can find a similar sight hidden away in Surigao del Norte, too? Welcome to Club Tara Resort!IMAGE Club Tara ResortIsn't it a dream?
They quit their full-time jobs to make it happen.
If Instagram is any indication, then it’s safe to say that Generation Y has been bitten by the travel bug! But Dijo Songco and Monica Copuyoc aren’t your average millennials—this couple loves traveling so much that they realized they could actually make


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A hacking group known as fail0verflow is claiming to have engineered the most powerful hack of the PlayStation 3 to date, stating that they have access to the private software keys Sony uses for the system to execute programs, including games and operating systems.
While the group claims to have created its most recent hack in order to restore Linux operating system functionality, fail0verflow's PlayStation 3 modification has additional features that may be of greater concern for Sony.
According to the report from Sony Insider, this firmware will allow the PS3 to run any program without authentication, meaning that PS3 game files burned onto a Blu-ray disc will function in the same way as traditional PS3 retail discs, regardless of the firmware needed to play said game.
While fail0verflow is claiming that it will not release the firmware, the proof and toolset the group plans to reveal could be enough for this potentially crippling hack to make its way to the community at large. If it does, it should be interesting to see how Sony plans to counter-attack.


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As OTT reaches critical mass in Asia-Pacific, learn how to plan and execute a successful OTT strategy in this week's Crash Course.
While the Indian Newspaper Society is demanding a greater share of ad revenues from Google, the IAMAI is upset with looming regulation for video streamers.
The results well exceed Disney’s expectations of hitting 90 million global subscribers by 2024.
Following a year of rapid growth in OTT penetration across Southeast Asia, new research from Kantar and The Trade Desk offers valuable market insights.
TOP OF THE CHARTS: As consumers shift their viewing preferences online, advertisers need to find new ways to follow, a report by The Trade Desk suggests.
TOP OF THE CHARTS: Hong Kongers watch 67 hours of video a week, as eyeballs shift to social-media sites at the expense of free TV, according to a new report from Omnicom Media Group.
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Nov. 28, 2022
The hope that electric vehicles can be charged in as little time as it takes to refuel a gasoline vehicle has long been a dream of current and future EV drivers. But what if it could charge faster? It takes an average of two minutes to fill up with gas, according to the American Petroleum Institute, and other estimates put it longer. Swiss tech startup Morand is developing a new electrical energy storage technology that could cut electric city car charging times by a little more than half. The hybrid of conventional batteries and supercapacitors that the company's electronics division offers changes the charge rates and the provides possibility of longer life than lithium-ion batteries.
Morand is the eponymous brand of former F1 driver and team manager Benot Morand, who developed the Hope Racing Oreco 01 Hybrid, the first hybrid prototype, more than a decade ago. Along with a small team of other ex-F1 engineers and managers, Morand has set out to apply hybrid and electric technologies derived from the high end of motorsport into more practical everyday solutions.
Morand has been hard at work developing what he calls eTechnology, which he describes as an energy storage solution that combines the properties of supercapacitors and chemical batteries. As part of a testing and evaluation program, the company said a 7.2kWh eTechnology prototype was able to charge to 80% in just 72 seconds at 900A/360KW, and to 98% in 120 seconds in 2.5 minutes Internal charge to 100%. It said the independent testing was carried out by Geo Technology.
Of course, 7.2 kWh is a far cry from the 100-kWh-plus battery packs found in some of the longest-range EVs on the market. Morand, who has been focusing on low-capacitance applications such as drones and e-bikes, explained that eTechnology is best suited for applications that require fast, semi-frequent charging that takes less than five minutes. The car with the 7.2 kWh battery will be a small city car like the Citroen Ami and its 5.5 kWh battery pack.
In the case of e-bikes, Morand estimates that a bike with a 6 Ah battery can be charged in 6 minutes at a lower rate of 3.2 kW. This would be a game-changer for e-bikes, which typically take hours to fully charge. With a charge time of about six minutes, riders can plug in and recover all or most of the bike's range during short breaks, without the need to purchase and carry spare batteries. That could make e-bikes a more viable option for long-distance daily commutes and running errands.
Other benefits of eTechnology mentioned by Morand include efficient operation at extreme temperatures and the potential for more charge-discharge cycles. The company claims it has been safely tested for more than 50,000 cycles, dozens of times more than conventional battery packs.
Morand said the company is working with a production partner on low-volume production and plans to ramp up production to make the eTechnology more cost-competitive with lithium-ion batteries. The company is also looking for investors to fund the scale-up of production.
We're JYH HSU(JEC) Electronics Ltd (or Dongguan Zhixu Electronic Co., Ltd.), an electronic components manufacturer.Our factories are ISO 9000 and ISO 14000 certified. If you have technical questions or need samples, please contact us.


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SEATTLE – Microsoft said Tuesday it will acquire antivirus technology from a Romanian software company and develop its own antivirus product, stepping into a market it has long ceded to others specializing in software security.
Microsoft signed an agreement to buy the intellectual property and technology assets of antivirus software and consulting firm GeCAD Software of Bucharest for an undisclosed amount. Some of the company's software developers will join Microsoft, but details haven't been finalized, said Mike Nash, corporate vice president of Microsoft's security business unit.
Microsoft plans to release its own antivirus product at some unspecified date, but has not decided whether basic antivirus technology will be bundled into its Windows operating system, Nash said.
The company will sell subscriptions to corporate customers and consumers for the updated innoculation files that protect against new viruses.
Nash said Microsoft needs to do more to protect its customers from viruses and other malicious programs, in addition to working with security companies, such as Symantec and Network Associates, which make the most popular antivirus programs for consumers.
Shares of Symantec and Network Associates both fell in trading after the announcement by Microsoft, which rose nearly 4 percent.
The president of Network Associates, Gene Hodges, said Microsoft told his company it would not bundle antivirus capability into the Windows operating system.
Network Associates announced an alliance last month with Microsoft to share sensitive details about the latest computer threats facing Windows users.
"We intend to keep up with the alliance unless Microsoft changes it plans from what they've told us," Hodges said.
One analyst, Michael Rasmussen at Forrester Research, compared Microsoft's decision to "mafia-type" behavior of offering additional protection for customers who pay extra for it.
"The world does not want Microsoft to be a security vendor, it wants Microsoft to provide secure products," Rasmussen said.
Microsoft, which has struggled to improve its software security under its Trustworthy Computing campaign, has been sensitive to criticism about the susceptibility of its products to computer viruses. The company has responded by tightening the security of its popular Outlook e-mail software, but its reputation has largely hinged on consumers successfully using products outside Microsoft's control.
Antivirus vendors have been painfully aware what could happen if Microsoft moved into the business. Network Associates and Symantec, for example, have starkly warned investors their business could suffer dramatically if Microsoft decides to build antivirus features into Windows.
Network Associates cautioned in a November 2002 filing with U.S. regulators that such a move by Microsoft "could render our products obsolete and unmarketable."
Symantec warned in a February 2003 securities filing that a decision by Microsoft to include features in Windows that compete with its core products "may decrease or delay the demand for certain of our products, including those currently under development."
Network Associates stock closed down 18 cents, or 1.3 percent to $13.38 in trading Tuesday on the New York Stock Exchange. Symantec, which had announced record revenues and earnings for its fiscal year ending in April, fell 74 cents, about 1.5 percent, to $47.81 on the Nasdaq Stock Exchange.
Shares of Microsoft closed up 93 cents, or 3.9 percent, to $24.68 on the Nasdaq Tuesday.
In a statement, Symantec said it was still deciding the ramifications of Microsoft's announcement.
"While we still need to understand the full implications for this announcement, we applaud Microsoft's efforts to develop an operating system upon which antivirus vendors can build more effective protection," the company said.
Sophos, another popular antivirus company, suggested that Microsoft might not realize how much effort and expense is involved in fighting viruses.
"Providing a viable antivirus solution to the market requires far more resources and commitment than most people realize," said Chris Belthoff, senior security analyst at Sophos.


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Fiat-Chrysler Automobiles has announced it is recalling 34,334 Jeep Grand Cherokee Diesel models due to a potential engine problem that could raises the risk of fire. The recall includes 5,450 models in Canada.
Transport Canada explains on its website that “On certain vehicles equipped with a 3.0-L EcoDiesel engine, the exhaust gas recirculation (EGR) cooler could crack internally and leak. If this happens, a driver may notice a low coolant level or a heater that does not work properly.”
The risk is that should the EGR cooler crack, vaporized cooling liquid could enter the EGR system, potentially leading to an engine fire.
The problem affects 2014-2019 Jeep Grand Cherokee EcoDiesel models. FCA doesn’t specify how many reports of fires it is aware of, but it does say it does not know of any accidents or injuries resulting from the issue.
FCA Canada will advise affected owners by mail and ask them to bring their vehicle to a dealership service centre to have the EGR cooler replaced. Technicians will then also inspect the intake manifold and replace it if required.